404 Washington — Lease in Miami Beach, FL

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Miami Beach, FL 33139
  • Size: 159,887 SF
  • Year built: 1995

Description

Market Context

This office in Miami Beach, FL is listed for lease across 159,887 SF. The building dates to 1995. It has been on the market for 114 days. Compare it against other office listings for lease in Miami Beach, FL — view the full market.

As of Q4 2025, the Miami office market showed average asking rents near $61.49/SF/yr, rents up 2.6% year over year, and cap rates around 6.9%. Source: multiple brokerage reports, Q4 2025.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Office market FAQ

What is the typical cap rate for office in Miami?
About 6.9% as of Q4 2025, per multiple brokerage reports.

Estimated Market Rate

$4.39/SF/mo – $5.95/SF/mo

Mid: $5.17/SF/mo

Estimated total for 159,887 SF: $826,616 per month

Rate estimator only; cost-of-business estimate unavailable.

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